The Andersons Inc. (ANDE) Shares Up 4.1%
The Andersons Inc. (NASDAQ:ANDE) shot up 4.1% during trading on Friday . The company traded as high as $38.48 and last traded at $38.30, with a volume of 95,113 shares traded. The stock had previously closed at $36.78.
A number of brokerages have recently commented on ANDE. Zacks Investment Research cut shares of The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Macquarie reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $36.00) on shares of The Andersons in a research note on Monday, June 6th. Feltl & Co. cut shares of The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Stephens raised shares of The Andersons from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.50.
The firm’s 50-day moving average is $36.62 and its 200-day moving average is $33.06. The stock’s market capitalization is $1.08 billion.
The Andersons (NASDAQ:ANDE) last posted its earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.07. During the same quarter last year, the business earned $1.09 earnings per share. The business earned $1.06 billion during the quarter, compared to the consensus estimate of $1.24 billion. The business’s revenue was down 10.4% compared to the same quarter last year. On average, analysts anticipate that The Andersons Inc. will post $0.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Monday, October 3rd will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.62 annualized dividend and a dividend yield of 1.62%.
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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